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The Tom Woods Show

Ep. 1932 Does the National Debt Matter?

The Tom Woods Show

Tom Woods

Politics, Economics, Libertarian, Government, News

4.83.3K Ratings

🗓️ 7 July 2021

⏱️ 45 minutes

🧾️ Download transcript

Summary

The national debt grows larger and larger, and yet the average person doesn't perceive any negative consequences. Does it really matter? Gene Epstein joins us to review precisely why it does.

Transcript

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0:00.0

The Tom Wood Show, episode 1932.

0:03.4

Prepare to set fire to the index card of allowable opinion.

0:07.9

Your daily dose of liberty education starts here.

0:11.5

The Tom Wood Show.

0:13.4

Hey folks, don't even think about missing the libertarian event of the year.

0:18.4

The 2000th episode of The Tom Wood Show live in Orlando featuring many of your favorites

0:24.5

from The Tom Wood Show.

0:25.9

And Michael Malice says his special surprise guest whose identity I myself don't even

0:31.3

know will bring the house down.

0:33.7

Cost nothing to attend register at tomwoods2000.com.

0:39.7

Hey folks, Tom Woods here.

0:40.7

A couple of things to tell you before we get started with our episode first, the topic

0:43.7

for today is the national debt.

0:46.6

And in particular, whether it really does any harm to us or not.

0:50.8

Now of course, we know it does.

0:52.6

But we want to talk about exactly what forms that harm takes because sometimes they're

0:56.9

not that evident.

0:58.6

And to talk to us about this, we have our old friend Jean Epstein, who is the director

1:03.2

of the Soho Forum, which is the premier libertarian debate series in the country.

1:08.2

And before that, he served as economics and book review editor at Barons, the nation's

1:12.8

premier financial publication.

1:14.6

And before that, he was chief economist at the New York Stock Exchange.

...

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